[Federal Register Volume 68, Number 95 (Friday, May 16, 2003)]
[Notices]
[Page 26679]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-12231]


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OVERSEAS PRIVATE INVESTMENT CORPORATION


Submission for OMB Review; Comment Request

AGENCY: Overseas Private Investment Corporation (OPIC).

ACTION: Request for comments.

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SUMMARY: Under the provision of the Paperwork Reduction Act (44 U.S.C. 
Chapter 35), agencies are required to publish a Notice in the Federal 
Register notifying the public that Agency is preparing an information 
collection request for OMB review and approval and to request public 
review and comment on the submission.
    At OPIC's request, OMB is reviewing this information collection for 
emergency processing for 90 days, under OMB control number 3420-0011.
    Comments are being solicited on the need for the information, its 
practical utility, the accuracy of the Agency's burden estimate, and on 
ways to minimize the reporting burden, including automated collection 
techniques and uses of other forms of technology. The proposed form 
under review is summarized below.

DATES: Comments must be received on or before June 16, 2003.

ADDRESSES: Copies of the subject form and the request for review 
prepared for submission to OMB may be obtained from the Agency 
submitting officer. Comments on the form should be submitted to the 
Agency Submitting Officer.

FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: Bruce 
Campbell, Record Manager, Overseas Private Investment Corporation, 1100 
New York Avenue, NW., Washington, DC 20527; (202) 336-8563.

Summary Form Under Review

    Type of Request: Revised form.
    Title: Application for Political Risk Investment Insurance.
    Form Number: OPIC-52.
    Frequency of Use: Once per investor per project.
    Type of Respondents: Business or other institution (except farms); 
individuals.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 7 hours per project.
    Number of Responses: 150 per year.
    Federal Cost: $28,350.
    Authority for Information Collection: Sections 231, 234(a), 239(d), 
and 240A of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The application is the principle 
document used by OPIC to determine the investor's and the project's 
eligibility for political risk insurance, assess the environmental 
impact and developmental effects of the project, measure the economic 
effects for the U.S. and the host country economy, and collect 
information for insurance underwriting analysis.

    Dated: May 12, 2003.
Eli Landy,
Senior Counsel, Administrative Affairs, Department of Legal Affairs.
[FR Doc. 03-12231 Filed 5-15-03; 8:45 am]
BILLING CODE 3210-01-M